Noreco Norway announces dry Haribo well

Stavanger, 20 July 2015: The Haribo exploration well has been drilled to total depth without encountering hydrocarbons. The well will now be plugged and abandoned. Noreco Norway AS (“Noreco Norway”), part of Norwegian Energy Company ASA group, holds a 20 per cent interest in the licence.

Spudded on 21 June 2015 the well was drilled by the semi-submersible drilling rig Transocean Searcher on the Haribo prospect, which is located 10 km south west of the Valhall Field in the Norwegian part of the North Sea.

The partners in Licence PL616 include Edison Norge (operator with 25 per cent), Noreco Norway (20 per cent), Concedo (20 per cent), Lime Petroleum Norway (15 per cent), North Energy (15 per cent) and Skagen 44 (5 per cent).

Contact:
investorrelations@noreco.com

This information is subject of the disclosure requirements pursuant to section of 5-12 of the Norwegian Securities Trading Act.

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About Noreco Norway AS

Noreco Norway AS was established in May 2004 and is a subsidiary controlled by the ultimate parent company Norwegian Energy Company ASA (“Noreco”), which is listed on the Oslo Stock Exchange with the ticker NOR. Noreco Norway AS is the issuer of the listed bond NOR06. For further information, please visit: www.noreco.com.